Shares of Central Garden & Pet Co (NASDAQ:CENTA) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $41.67.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Monday, February 4th. TheStreet lowered shares of Central Garden & Pet from a “b” rating to a “c+” rating in a report on Friday, February 22nd. Finally, ValuEngine lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Friday, February 8th.
Several institutional investors have recently modified their holdings of CENTA. Bank of New York Mellon Corp increased its holdings in shares of Central Garden & Pet by 13.3% in the third quarter. Bank of New York Mellon Corp now owns 488,808 shares of the company’s stock valued at $16,199,000 after purchasing an additional 57,241 shares in the last quarter. Man Group plc acquired a new stake in Central Garden & Pet during the 3rd quarter worth $509,000. MetLife Investment Advisors LLC grew its holdings in Central Garden & Pet by 71.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 28,280 shares of the company’s stock worth $937,000 after acquiring an additional 11,800 shares during the period. AQR Capital Management LLC grew its holdings in Central Garden & Pet by 20.7% during the 3rd quarter. AQR Capital Management LLC now owns 60,128 shares of the company’s stock worth $1,992,000 after acquiring an additional 10,292 shares during the period. Finally, Teachers Advisors LLC grew its holdings in Central Garden & Pet by 6.6% during the 3rd quarter. Teachers Advisors LLC now owns 72,518 shares of the company’s stock worth $2,403,000 after acquiring an additional 4,478 shares during the period. 68.72% of the stock is owned by institutional investors and hedge funds.
NASDAQ:CENTA opened at $26.70 on Friday. Central Garden & Pet has a 1 year low of $23.07 and a 1 year high of $41.97. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.52 and a quick ratio of 3.12. The company has a market capitalization of $1.55 billion, a PE ratio of 13.98, a PEG ratio of 3.65 and a beta of 0.13.
Central Garden & Pet (NASDAQ:CENTA) last posted its earnings results on Monday, May 6th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%. The company had revenue of $673.70 million during the quarter, compared to analysts’ expectations of $645.58 million. As a group, sell-side analysts anticipate that Central Garden & Pet will post 1.8 EPS for the current year.
Central Garden & Pet Company Profile
Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.
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